The board of directors of China Best Group Holding Limited announced that Mr. Kuk Peter Z has resigned as the Chairman and non-executive director of the company with effect from 20 May 2015 due to his personal commitment in other business developments. The Board is considering suitable candidate to be elected as the Chairman of the Board and will announce the new appointment as soon as practicable. In the transition period, the Deputy Chairman of the Board, Mr. Li Yang, will perform the duties and powers of the Chairman of the Board prior to the election of a new Chairman of the Board.